Morris Home Holdings (HKSE:01575) Debt-to-Equity : -1.65 (As of Dec. 2023)

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What is Morris Home Holdings Debt-to-Equity?

Morris Home Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$171.5 Mil. Morris Home Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$92.5 Mil. Morris Home Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$-160.0 Mil. Morris Home Holdings's debt to equity for the quarter that ended in Dec. 2023 was -1.65.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Morris Home Holdings's Debt-to-Equity or its related term are showing as below:

HKSE:01575' s Debt-to-Equity Range Over the Past 10 Years
Min: -3.22 Med: 0.83 Max: 16.89
Current: -1.65

During the past 11 years, the highest Debt-to-Equity Ratio of Morris Home Holdings was 16.89. The lowest was -3.22. And the median was 0.83.

HKSE:01575's Debt-to-Equity is not ranked
in the Furnishings, Fixtures & Appliances industry.
Industry Median: 0.35 vs HKSE:01575: -1.65

Morris Home Holdings Debt-to-Equity Historical Data

The historical data trend for Morris Home Holdings's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Morris Home Holdings Debt-to-Equity Chart

Morris Home Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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2.81

2.85

-3.22

-1.40

-1.65

Morris Home Holdings Semi-Annual Data
	Dec13	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial														-3.22	-1.04	-1.40	-1.77	-1.65

Competitive Comparison of Morris Home Holdings's Debt-to-Equity

For the Furnishings, Fixtures & Appliances subindustry, Morris Home Holdings's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Morris Home Holdings's Debt-to-Equity Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Morris Home Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Morris Home Holdings's Debt-to-Equity falls into.

Morris Home Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Morris Home Holdings's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(171.463	+	92.469)	/	-159.965
	=	-1.65

Morris Home Holdings's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(171.463	+	92.469)	/	-159.965
	=	-1.65

Morris Home Holdings (HKSE:01575) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Morris Home Holdings Debt-to-Equity Related Terms

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Morris Home Holdings (HKSE:01575) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Morris Home Holdings Ltd (HKSE:01575) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 258, Shengli Road, Maqiao Street, Haining City, Zhejiang Province, Jiaxing City, CHN

Website

http://www.morrishome.com.hk

Morris Home Holdings Ltd is an investment holding company engaged in the manufacturing and marketing of sofas, sofa covers, and other furniture products. The company's operating segment includes Retail and Manufacturing. It generates maximum revenue from the Retail segment. Geographically, it derives revenue from the Peoples Republic of China.

Morris Home Holdings (HKSE:01575) Headlines

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